Thanks gals! I set up a little changing station in my bathroom and have started a system today. I clean his bottom with warm, wet cotton balls instead of wipes all together, and have been rotating the milk of magnesia and balmex each change. I am changing him after each feeding, which like I said before is like every 2 hours. It does seem like the redness isn't as bright, but still feels raised up.
If it doesn't get better soon I'll go ahead and call the ped and see what he says, but I'd rather try this route first.
Thanks for all the great advice gals!!!